pham nhat vuong

VinFast is restructuring its Vietnam manufacturing business in a $530 million deal, creating a new entity, VFTP, to handle production and associated liabilities. This move aims to improve capital efficiency and accelerate the EV maker's path to profitability, with VFTP potentially exploring contract manufacturing. The core VinFast business will focus on R&D, sales, and customer service, adopting an asset-light model.

VinFast, Tesla's rival, is shifting its focus to Asian markets, planning assembly plants in India by June and Indonesia by October, due to challenges in the U.S. market. While VinFast expands in Asia, Tesla is hesitant about entering India due to high import duties.

In Vietnam, V-Green will manage VinFast's existing charging network and explore opportunities to provide charging services to other EV manufacturers after a five-year period.

After an astronomical rise in its first day of trading, VinFast Auto Ltd. is now coming back to Earth — erasing a chunk of its billionaire founder’s fortune.The Vietnamese electric vehicle-maker has fallen sharply over the two most recent trading days in New York, eliminating more than half of the 255% gain it notched on Tuesday when it listed on the Nasdaq Global Select Market.

Vietnam's first domestically owned car manufacturer aims to compete with industry leaders like Tesla as it ventures into global markets. However, VinFast's international expansion has encountered challenges, including a significant portion of its first-half sales in the previous year being bought by a company affiliated with its parent company.

EV maker VinFast strikes shares deal with Yorkville for up to $1.0 bln

VINES-M-A-VINFAST-MFG-EV maker VinFast to acquire its battery maker sibling

Vietnamese automaker VinFast plans to invest USD 2 billion in building an EV factory in India's Tamil Nadu state. The factory aims to produce 150,000 cars annually and transform the Thootukudi region into a premier EV production hub. VinFast, part of the Vingroup conglomerate, is also investing in an EV factory in North Carolina and plans to establish a factory in Indonesia. The company aims to expand its sales in 50 markets worldwide by the end of 2023. Despite initial challenges, VinFast remains optimistic about its global success.

VinFast currently sells two electric cars in the Indian market - VF6 and VF7. The VF6 is offered in three variants - Earth, Wind and Wind Infinity priced at Rs 16.49 lakh, Rs 17.79 lakh and Rs 18.29 lakh (all prices ex-showroom, respectively). The VF7 is offered in five variants.

VinFast revenues jump on EV sales to Vietnam affiliate

Vietnamese electric vehicle (EV) maker VinFast has begun hiring in India, seeking recruits who "dare to think, dare to do, and dare to face difficulties," according to a LinkedIn ad. The loss-making startup, whose market value has roughly halved since its blowout $85 billion Wall Street debut last month, said earlier this week it planned to set up in several countries including India, but gave no timing or details.

An unprofitable electric vehicle maker has suddenly become the third most valuable auto manufacturer in the world, leaving the likes of General Motors Co. and Ford Motor Co. in its dust.Shares of Vietnam’s VinFast Auto have soared almost 700% since it listed in mid-August — even though it hasn’t made many cars yet, let alone turned a profit.

Vinfast is a part of Vingroup, a sprawling conglomerate that began as an instant noodle company in Ukraine in the 1990s. The company built its first car in 2019 in a seaside factory close to Haiphong, where engineers monitor screens as gleaming metal sheets are expertly snatched by robotic arms and pressed to make frames